Edge Protection Systems Market

Global Edge Protection Systems Market Size (2024-2029):

The Global Edge Protection Systems Market was worth US$ 449 million in 2023 and is anticipated to reach a valuation of US$ 670 million by 2029 from US$ 480 billion in 2024, and it is predicted to register a CAGR of 6.9% during the forecast period 2024-2029.

MARKET SCENARIO

Edge protection systems are structures designed to protect persons or objects from falling over heights where working at height is unavoidable. It is designed to safeguard the public. It consists of guardrails and handrails that can be used in different locations such as rooftops, train station platforms, football stadiums, Hospitals, chemical facilities, and others that people need to access frequently. Protective techniques are more adopted due to the strict rules and regulations implemented by the government. If there is a risk of falling from more than two meters height, roof edge protection systems consisting of guardrails are to be used as per the Health and Safety Executive (HSE). If the workers are working above the minimum height of 1000mm then the edge protection high should be increased to a height that prevents the fall of the worker. These systems have wide adaptability in many places or areas where there is a chance for people or objects to fall over.

MARKET DRIVERS

Increased focus on public safety drives the market demand

In major cities, construction activities are increasing year-on-year. With the long-term improvement, there is steady growth in the performance of the construction industry. With the increase in construction, the accidental killing of people is noticed. Every year many workers in the construction areas are falling from heights and are killed or injured causing partial/complete disability. Sometimes some people who have fallen from heights may suffer from ill health such as musculoskeletal disorders, dermatitis, and others. To avoid such losses many initiatives are being taken by the government to prevent the loss of people from falling over the heights. Focus on the adoption of protection structures in potentially danger-prone areas is increasing. This results in the increased demand and sales for the product that propels the edge protection systems market growth during the projected period. The strict norms taken by the government to safeguard the laborers in danger-prone areas drive market growth.

MARKET RESTRAINTS

Many restraints in the edge protection systems market are expected to hinder market growth and demand.

However, some major restraints include the timely non-availability of the raw materials and high installation costs. High maintenance cost is also projected to be a market growth hindering factor. Timely unavailability of the raw material delays the supply of the systems and sometimes may lead potential customers to find alternative substitutes which may decrease the demand and sales in the market. So, maintaining a proper inventory will avoid such restraint. The adoption of the systems may decrease due to the high-maintenance and installation cost as it increases the overall cost of the product. The increase in the cost of production may reduce the profits to the manufacturers or may increase the per unit price of the product to the consumers.

MARKET OPPORTUNITIES

Edge protection systems are mainly used in construction activities as a part of safety measures. The rapid upsurge in construction and increased focus on safety measures in construction resulted in the paving way for a wide range of opportunities for the edge protection systems market to expand the market. The development of innovative designs to meet the expectations of the users will be a market-provoking factor. Increasing demand for various designs in the market will drive growth opportunities in the edge protection systems market. Implementation of strict rules and regulations to safeguard the laborers, the government has taken many initiatives that always make the market grow and have the opportunity to increase the growth rate. The increasing adoption of novel technologies to prevent the risk of labor falling from the edges of the buildings will provide public safety. Across the world, the increasing construction of multi-story buildings drives market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Edge Protection Systems Market Analysis By Type

• Concrete Edge Protection System

• Steel Edge Protection System

• Timber Edge Protection System

Concrete edge protection systems are expected to have a high market share in the edge protection systems market. It is used as a structural barrier in construction activities or in buildings to prevent the fall of objects. These systems are designed for the protection of objects and humans from falling from any edges of the structure. They can also be used as protection systems in potential danger areas such as landslides, and accidents. The provision of safety assurance and its wide adoption drive the segment demand.

Global Edge Protection Systems Market Analysis By Application

• Commercial Construction

• Infrastructure

• Industrial

The commercial construction segment is expected to have significant demand in the edge protection systems market during the forecast period. Commercial construction such as construction created to protect pedestrians and vehicles from falling over the open edges of buildings or rooftops. As these constructions are increasing in number drive the demand for the segment. More adoption is seen in the areas where people want to increase height safety such as in painting, and cleaning windows of tall buildings. Infrastructure is the next high-market-demand holding segment in the market.

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America is expected to grow at a high and fast CAGR in the edge protection systems market. In this region well-developed countries such as the U.S. is obtaining huge benefit from edge protection systems due to their wide adoption in many construction areas. A rise in capital income will also drive the market in the developing and developed nations in the region. The growing awareness regarding protection techniques and increasing investments in the commercial sectors will propel the market in developing nations. Europe also has the largest market followed by the Asia-Pacific region.

KEY MARKET PLAYERS

1. BrandSafway
2. PERI
3. Doka
4. Altrad Group
5. ULMA
6. Rapid-EPS
7. SafetyRespect
8. Honeywell (Combisafe)
9. Billington
10. KGUARD International

RECENT HAPPENINGS IN THE MARKET

• In 2022, to acquire AGF Access Group, Inc., an agreement is signed by the BrandSafway. AGF Access Group, Inc., has two manufacturing sites in Canada with 24 branches in North America and is headquartered in L’Assomption, Quebec.